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Europe Boosted by Dead-Cat Bounce to End May

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  • Description

    ETX Capital’s Mark Priest with the stories moving the European markets.

  • Duration 1:54
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-- didn't live in London with -- And this is I think you know the fact that Ireland is the focus.

This morning it's almost distraction in some ways is an -- from what's happening in and Spain it's not like it solves anything what do you make of the market action today.

Outlook are doing a lot of nothing you know they've had two very very it's -- -- -- 2001 and 2000 night.

We're sort of -- numerous other things people are gonna repay too much attention -- hopping on and -- -- -- you -- -- -- Greece really is whether -- attention is.

Everything is a little bit by the today.

Attempt to account balances being used a couple of times and and -- and that's probably what we're -- here.

Just a little bit of I don't know -- applying an off to the -- yesterday.

A fit into the emergency reinsurance.

Since folks looking pretty cheap at these levels and and people are having a having been recovered so picking up -- and I've been a bit cheaper on unemployment -- and that's it because we're going -- -- For better or worse it looks like the bailout road and it's Spain this big bank.

-- -- it and in in Spain and once you start that we've talked about this this morning already it's tough to stop it.

However you know where's the money gonna come from -- and -- everybody in in Europe agreed it.

To throw a little bit in to help the Spanish banks you don't what do you think's gonna happen at the end of the day in Spain.

I don't think there's going to be an -- I think I was -- so what's the -- -- saying that -- Spain is -- are too big to fail.

Yeah -- very committed -- and I think they will level.

But we'll have to pardon part of the post -- out of the banks again.

It's like every review the time contagion being used.

-- -- -- fixated with Greece and Spain -- who's next here -- looking reports could've possibly subject.

But I think come Monday -- common for started because.

Sort of different -- -- rescue strength yeah because other predicament if.

Mark priest for -- TX capital thank you very much out of London this.

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